SolarShare Bond
= "a renewable energy cooperative that enables anyone living in Ontario to invest in solar power projects".
URL = https://www.solarbonds.ca
Description
Emily Skeehan:
"In Canada, residents of Ontario can invest in local solar power projects by buying SolarShare bonds. SolarShare is a renewable energy cooperative that enables anyone living in Ontario to invest in solar power projects in the area and become a voting member of the co-op. The minimum buy-in for SolarShare bonds is $1,000 Canadian dollars (around $740) for a 5-year term at 5 percent fixed interest, and CA$10,000 (just over $7,400) for a 15-year term at 6 percent fixed interest. Investors who purchase 5-year bonds receive an annual return through semiannual interest payments until the term of their investment ends, at which point they receive their entire principal investment. The 15- year bonds are self-amortizing, so each semiannual payment is made up of both principal and interest. The investor-members collectively vote in their board members, and can serve on one of the co-op’s many committees."
Status
"SolarShare has completed 39 solar installation projects and is on track to build eight more through 2017. The cooperative will own solar assets worth more than CA$55 million (over $40 million) by fall 2017."
More information
- New York Times article: https://www.nytimes.com/2015/12/06/science/on-tether-to-fossilfuels-nations-speak-with-money.html
- Financial Times article: https://www.ft.com/content/fb264f96-5088-11e6-8172-
e39ecd3b86fc